Valero Energy (BSP:VLOE34) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:VLOE34 Valero Energy Corp BSP:VLOE34
58 GF Score
Price R$131.95
GF Value R$56.81
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Valero Energy Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Valero Energy  (BSP:VLOE34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Valero Energy Cyclically Adjusted PS Ratio Related Terms


Valero Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Valero Energy's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Valero Energy Cyclically Adjusted PS Ratio Chart

Valero Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.61 0.51 0.51 0.55

Valero Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.47 0.45 0.61 0.65

BSP:VLOE34 vs MPC, PSX, DINO: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Valero Energy's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Valero Energy Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Valero Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Valero Energy's Cyclically Adjusted PS Ratio falls into.


BSP:VLOE34
58GF Score
Valero Energy Corp BSP:VLOE34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Valero Energy Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Valero Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Valero Energy's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=47.849/333.9520*333.9520
=47.849

Current CPI (Jun. 2026) = 333.9520.

Valero Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.663 241.428 11.983
201612 9.424 241.432 13.035
201703 9.483 243.801 12.990
201706 10.022 244.955 13.663
201709 10.577 246.819 14.311
201712 12.257 246.524 16.604
201803 12.418 249.554 16.618
201806 16.207 251.989 21.479
201809 17.824 252.439 23.579
201812 16.201 251.233 21.535
201903 13.668 254.202 17.956
201906 16.998 256.143 22.162
201909 16.366 256.759 21.286
201912 17.494 256.974 22.734
202003 15.103 258.115 19.540
202006 8.559 257.797 11.087
202009 13.064 260.280 16.762
202012 13.770 260.474 17.654
202103 17.520 264.877 22.089
202106 22.589 271.696 27.765
202109 23.645 274.310 28.786
202112 30.720 278.802 36.797
202203 30.956 287.504 35.957
202206 39.462 296.311 44.475
202209 37.365 296.808 42.041
202212 36.011 296.797 40.519
202303 32.018 301.836 35.425
202306 238.356 305.109 260.889
202309 33.678 307.789 36.541
202312 32.471 306.746 35.351
202403 29.674 312.332 31.728
202406 34.635 314.175 36.815
202409 35.807 315.301 37.925
202412 35.480 315.605 37.543
202503 35.228 319.799 36.787
202506 33.932 322.561 35.130
202509 35.481 324.800 36.481
202512 33.800 324.054 34.832
202603 35.949 330.213 36.356
202606 47.849 333.952 47.849

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Valero Energy (BSP:VLOE34) Overvalued in 2026?

Based on GuruFocus' analysis, Valero Energy stock appears to be overvalued. The current stock price of R$131.95 is trading 132.3% above its estimated GF Value™ of R$56.81. GuruFocus considers Valero Energy to be Significantly Overvalued.

Key valuation signals for BSP:VLOE34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$56.81 vs. price of R$131.95 (132.3% above fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the BSP:VLOE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Valero Energy Business Description

Industry EnergyOil & Gas
Address One Valero Way, San Antonio, TX, USA, 78249
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which can produce 1.2 billion gallons per year of renewable diesel.
58GF Score

Get the complete analysis for BSP:VLOE34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$131.95
Price
R$56.81
GF Value